Enda Kenny (Mayo, Fine Gael)

I indicated to the Deputy Prime Minister that, obviously, an interest rate reduction was desirable but that our focus was on following through immediately on the decision of the European Council at which leaders agreed in principle that a reduction should apply and that countries the subject of an EFSF bailout should have it applied to them. I indicated to him that Ireland was measuring up on all the conditions set. I also pointed to the nature of our difficulty in seeking the agreement of everybody on an interest rate reduction.

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